Illustration 3 Anand and Balan entered into a partnership contributing 50,000 and 30,000 respectively. They decided...

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Illustration 3 Anand and Balan entered into a partnership contributing 50,000 and 30,000 respectively. They decided to share profits and losses in the ratio of 2.1. Anand provide Interest on capital was to be was entitled to a salary of t 5,000 p.a. were ? 6,000 and 5,000 respectively. Interest on drawings, Anand 300 and Balan 6% p.a. The drawings of Anand and Balan for the year ending December 31, 2015 t 200 to be charged. The profits of the firm after providing for Anand's salary and interes on capital and taking into account interest on drawings were ? 15,000. Prepare the capital accounts of partners assuming that they maintain the accounts according to fixed capital method. aunt Illustration 3 Anand and Balan entered into a partnership contributing 50,000 and 30,000 respectively. They decided to share profits and losses in the ratio of 2.1. Anand provide Interest on capital was to be was entitled to a salary of t 5,000 p.a. were ? 6,000 and 5,000 respectively. Interest on drawings, Anand 300 and Balan 6% p.a. The drawings of Anand and Balan for the year ending December 31, 2015 t 200 to be charged. The profits of the firm after providing for Anand's salary and interes on capital and taking into account interest on drawings were ? 15,000. Prepare the capital accounts of partners assuming that they maintain the accounts according to fixed capital method. aunt